Individual Trustee

SMSFs: Individual or corporate trustee?

SMSFs: Corporate Or Individual Trustee? Nearly 80% of recently established self-managed superannuation funds (SMSFs) operate under an individual trustee structure rather than a corporate trustee arrangement, according to statistics released by the ATO. We examine the pros and cons of each form of trustee. Benefits of the corporate trustee structure…
Activity Statement

Amending your activity statement

Once we have lodged your latest activity statement, you may realise that something has been left out or you have neglected to include a particular item. The Australian tax system is based on “self-assessment”, which means the ATO generally takes your word, under our guidance, and bases its assessment on…